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At the right time. Well tell you who that is. Well talk to karl rove, former Senior Advisor to president george w. Bush. He will sound off later in the hour. Plus massive fires, raging in australia. Crews working to fight a blazing inferno that has burned through an area tries the size of the state of maryland. Well have the latest from emergency officials there. New charges against Harvey Weinstein. The disgraced movie mogul arriving in court using a walker here in new york today just two years after dozens of women came forward with allegations of sexual harrassment and were live at the courthouse ahead of jury selection. Melissa fox Business Team coverage. Blake burman at the white house. Jackie deangelis on the floor of the new york stock exchange. Jeff flock is watching the action in oil and gold from the cme. Blak ....
Up noorn more than 20 . People going towards the stocks. The question, is there going to be a potential cut in dividends. I dont believe so and utilities have ban great performer the last number of years. The hunt for yields is going to continue and the oneyear to 1. 48. Look, in utilities, theyre a special sector, because theyre a regulated entity. Theyll get enough to pay those dividends. See a massive recession, depression that will shut down terms of need for electricity and so forth. They can do fine. Tickle the energy cost coming down. Look at materials, however, stocks like php, i dont see how they maintain div gends going forwa dividends Going Forward. More worried about that. Energy could come down more. Basically okay. Theyll come down. You still need dividends. Telecos . Who knows . Major disruption there. And in some respects, joe, try to get what could be coming. Gdp report, disappointing, business dropoff. People wond ....
Wells fargo sales tactics being under investigation. Today we have new comments from the wells fargo ceo. While amazon has seen big gains over the last two months in the stock market we have data that shows now may be the time to sell that stock. We will explain why. And giving the gift of stocks. Stocks, not sock, stocks, we will introduce you to the ceo of new company thats selling gift cards before buying shares in the checkout line. It does give new meaning to stocking did you ever, doesnt it . Yes, it does. Its very clever. Lets start with the breaking news on auto sales. Phil lebeau joins us now. Record breaking pace, phil . Record breaking, kelly, it was monster month. We knew it would be. Over 18 million, now we know exactly how much. Auto data which basically crunches all of the numbers every month has come up with the calculation that the sales pace last month was 18. 19 million vehicles, thats the pace of sales. Were showing you this chart because it goes all the way back to ....
Of these winners that we now affectionately refer to as the fang stocks . Two Money Managers go head to head, one still likes and the other one says maybe time to look elsewhere. Two emerging market currencies that could have major implications for the boarder market. Why everybody should be watching them, ahead on closing bell. Lets start with this friday selloff, bob pisani on the floor here at the exchange. The bottoline is we are not getting any bounce at all. We opened we gapped down more than 20 points on the s p 500 and essentially we have been sitting at the lows all day. There have been really no significant attempts to rally and every time we have hit a lower low weve seen a little spike in volume. Five to one, seven to one, somewhere around there declining to advancing stocks, notably weak of course oil and oil stocks under new lows here, right across the board, apache, big company down 6 , here is exxon, the majors are ....